Magnésio do Nordeste Invests R$370 Million to Build Auto Parts Factory

en.Wedoany.com Reported - Magnésio do Nordeste will invest R$370 million to build an auto parts factory in Quixeramobim, Ceará, Brazil. One of the key factors driving the smooth progress of this project is the advancement of the Transnordestina Railway, which is expected to generate 450 direct jobs locally.

The new factory will produce chassis and wheel hubs made from magnesium polymer. This material is used in the manufacturing of light vehicles and motorcycles. Currently, these components are entirely imported, leaving significant room for substitution in the Brazilian domestic market.

The factory covers an area of 18 hectares and is scheduled to break ground in July. The project will be expanded in three phases over the coming years to align with growing market demand.

According to the company, approximately 80% of the direct jobs will be filled by local residents of Quixeramobim, a move that is expected to boost local income and economic development.

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